Luke Bracey is taking over the heroic role of Johnny Utah that was made famous by Keanu Reeves

Edgar Ramirez is in negotiations to star in Alcon Entertainment’s “re-creation” of the classic 1991 action-thriller “Point Break,” it was announced Wednesday by Alcon co-founders and co-CEOs Broderick Johnson and Andrew Kosove.

Ramirez will play the role of Bodhi, the character made famous by Patrick Swayze in Kathryn Bigelow‘s original film.

Ericson Core (“Invincible”) is directing from a screenplay by Kurt Wimmer (“Salt”).

The new “Point Break” is set in the world of international heists and extreme sports, and like the original, involves an undercover FBI agent infiltrating a criminal ring.

Kosove and Johnson will produce along with John Baldecchi, Chris Taylor and Wimmer. RGM Media principal Devesh Chetty and investor John McMurrick, chairman of Marloss Entertainment, will serve as executive producers.

The film will be released domestically via Warner Bros through Alcon’s long-term distribution pact. Principal photography is set to begin early this summer.

“We consider Edgar one of the finest actors in the world today and we are thrilled he will be creating a fresh new take on the iconic character of Bodhi,” Kosove and Johnson said in a joint statement.

Ramirez recently wrapped filming on the Roberto Duran biopic “Hands of Stone,” which co-stars Robert DeNiro. He’s best known for his award-winning lead role in Olivier Assayas’ “Carlos,” for which he received Golden Globe, Emmy and SAG nominations. In 2012, he received attention for his performance alongside Jessica Chastain in Bigelow’s “Zero Dark Thirty.” He next stars opposite Eric Bana in Screen Gems’ “Deliver Us From Evil.”